Surveillance: Inflation Persistence with Dudley (Podcast)
Bloomberg Surveillance
00:00
The Fed Can't Get Us Out of This Inflationary Environment
When you have too much money cason too few goods, the resolution of it need not be inflation. The growth problem is much more important than the little bit of inflation that well son. Karl: I'm not sure the federal reserve can get us out of this. What can the fed really do? And should we depend upon the fed to get us outof this inflationr environment? Well, you know, i agree with all of that. We're seeing the balance payments blow out,. wer seeing trade deficits widen and seen trade surpluses dwindling down.
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